Mumbai, Aug. 5 -- Chinese equities ended higher on Wednesday, extending gains from the previous session as strong buying in semiconductor stocks lifted market sentiment. The Shanghai Composite Index rose 1.47% to close at 3,878.4, its highest level in nearly two weeks, while the Shenzhen Component gained 1.86% to 14,144.2, reaching a more than one-week high.

Chipmakers led the rally after reports that South Korean technology giants Samsung Electronics and SK Hynix are assessing chipmaking equipment from Chinese supplier AMEC for possible use at their factories in China. The move comes amid concerns about tighter US export restrictions on advanced semiconductor technologies. Shares of SMIC climbed 3.59%, Hua Hong Semiconductor advanced 6....